Saint-Gobain is a French multinational corporation that operates in the Home Products Stores sector. The company was founded in 1665 and has since been a leader in the production and distribution of building materials, glass, ceramics, and plastics. With a presence in over 70 countries and a workforce of over 170,000 employees, Saint-Gobain is committed to sustainability and decarbonisation.
Decarbonisation is a key focus for Saint-Gobain, and the company has set ambitious targets to reduce its carbon emissions. In 2019, Saint-Gobain committed to reducing its carbon emissions by 33% by 2030 and achieving carbon neutrality by 2050. To achieve these targets, the company is implementing a range of measures, including investing in renewable energy and improving energy efficiency in its operations.
Corporate energy is another area of focus for Saint-Gobain. The company is committed to reducing its energy consumption and increasing the use of renewable energy in its operations. To achieve this, Saint-Gobain has implemented a range of energy-saving measures, including the use of energy-efficient lighting and heating systems, and the installation of solar panels and wind turbines at its facilities.
Corporate power purchase agreements (PPAs) are also a key part of Saint-Gobain's strategy to increase the use of renewable energy. In 2019, the company signed a 12-year corporate PPA with a wind farm in Texas, which will provide 120 MW of renewable energy to Saint-Gobain's facilities in the United States. This PPA is expected to reduce the company's carbon emissions by 20%.
Renewable energy is a key part of Saint-Gobain's strategy to reduce its carbon emissions and achieve carbon neutrality. The company has set a target to increase the use of renewable energy to 33% of its total energy consumption by 2030. To achieve this, Saint-Gobain is investing in a range of renewable energy sources, including wind, solar, and hydroelectric power.
In addition to its focus on sustainability and decarbonisation, Saint-Gobain is committed to innovation and research and development. The company has a dedicated research and development center, the Saint-Gobain Research Center, which is focused on developing new materials and technologies to improve the performance and sustainability of its products.
Overall, Saint-Gobain is a leader in the Home Products Stores sector and is committed to sustainability and decarbonisation. The company's focus on renewable energy, energy efficiency, and innovation makes it a key player in the transition to a low-carbon economy. With its ambitious targets and commitment to sustainability, Saint-Gobain is well-positioned to lead the way in the Home Products Stores sector and beyond.